Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has completed its previously announced share repurchase program.
The company repurchased a total of 1.3 million shares for a total consideration of EUR 33.2 million from May 2, 2018 to May 25, 2018. These repurchases were made as part of the company’s repurchase program, which was announced on May 2, 2018. Signify will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans.
In the period May 22, 2018 to May 25, 2018, the company repurchased 419,743 shares at an average price of EUR 24.87 per share and an aggregate amount of EUR 10.4 million.
Details on the share buyback transactions can be found here.
Signify became the new company name of Philips Lighting as of May 16, 2018.
